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Code · Wisconsin · Chapter 177 — Uniform unclaimed property act

177.0702 Disposal of securities.

80 words·~1 min read·/wi/chapter-177/177-0702-2

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177.0702 Disposal of securities.
(1)Unless the administrator determines that it is in the best interest of this state to do otherwise, the administrator shall hold all securities for at least one year before selling them.
(2)The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security not listed on an established exchange by any commercially-reasonable method.
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